Bayern Munich chief executive Karl-Heinz Rummenigge has confirmed that an agreement has been reached with Manchester United for the transfer of Bastian Schweinsteiger.
Rummenigge said at a press conference this afternoon that Bayern had regretfully agreed to let the German international leave for Old Trafford because he wants a fresh challenge at the age of 30.
"We tried to convince him to stay with Bayern Munich," said Rummenigge. "But I also understand that a player who has been at Bayern for 17 years, at the end of his career still wants to gain a new experience."
United then confirmed the deal on their website, saying that the move would be officially completed once personal terms had been agreed and a medical completed.
It is believed that the fee United will pay for the central midfielder is around £14m and that he will sign a three-year contract with the Premier League side.